Asia markets sell off amid Iran-Israel tensions; China's GDP beats expectations
Publishing timestamp: 2024-04-16 03:39:10
Summary
Asia-Pacific markets sold off as world awaits Israel's response to Iran's air assault. China's economy grew faster than expected, while Japan, Australia, and Hong Kong markets declined. U.S. stocks retreated on rising yields and Middle East conflict worries. India's banking sector is driving growth, while China's industrial output missed expectations. New home prices in China fell for ninth straight month. Oil prices settled slightly lower after Iran's attack on Israel. Major indexes resumed sell-off, with Nasdaq slipping below key threshold. Turmoil in Middle East could lead to dramatic moves in financial markets.
Sentiment: MIXED
Tickers: @LCO.1, .DXY, .N225, .SPX, .SSEC, .HSI, @CL.1, JPY=, .IXIC, AUD=, .AXJO, .DJI, .SZI, .KS11,
Keywords: nikkei 225 index, australian dollar/us dollar fx spot rate, economic events, world markets, markets, breaking news: asia, breaking news: markets, prices, dow jones industrial average, business news, australia, s&p/asx 200, china, usd/jpy, asia economy, dxy us dollar currency index, ice brent crude (apr'23), shanghai, shenzhen component index, wti crude (mar'23), nasdaq composite, s&p 500 index, hang seng index, kospi index,
Source: https://www.cnbc.com/2024/04/16/asia-markets.html